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What Did The Guy Next Door Get?
If you are considering selling your Madison, Huntsville and Hampton Cove, Alabama home, you are probably wondering what other homes in the area are selling for. There might be one home in particular that you'd like to know the sale price on, or you might be interested in all the homes that have sold recently in your Madison, Huntsville and Hampton Cove neighborhood. We can help! We can tell you exactly what any home sold for in your area. We will furnish you with a list of homes that have recently sold on your street or in your neighborhood. We can also tell you about homes similar to yours that are currently for sale. This service is entirely free, without obligation. As a top Madison, Huntsville and Hampton Cove Realtor, this is part of the service that we provide to home sellers on a daily basis. Just fill out the form, and we will get back to you right away...
About Appraisals >Three Caballeros
When you buy a house or refinance your present home, your lender will ask you to pay for an appraisal to help ensure that the sales price and mortgage amount is consistent with the property's market value. The appraiser will look for "three caballeros" or three "comparables" -- homes that are very similar to the one you are buying -- and will make adjustments to reflect the differences between the properties.
Housing patterns tend to be homogenous, meaning that homes worth $300,000 are usually located in $300,000 neighborhoods. It is important for properties to be within the general pricing patterns of their neighborhoods because over-valued homes, even if they are exceptional, are sometimes difficult to sell at full market price.
This is not the only factor considered in determining the worth of a property, but it is an important one. The buyer or seller may view the property as a home or an investment, but lenders view it in a completely different way. To a lender, property means security in the event a borrower fails to repay a mortgage. Therefore, lenders must know real estate values in order to limit their risks.
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What was the world's highest viewing platform before the opening of the Empire State Building in 1939?
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The Eiffel Tower, built between 1887-1889, was for 42 years the highest viewing platform in a man-made structure. |
 See More Real Estate Trivia > |
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Jim, Caroline and the Davis
Team
Realty World South
1874 Slaughter Road
Madison, AL
35758
Phone: 256-325-8500
Fax: 256-325-8504
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huntsvillesold@NUMBER1EXPERT.com
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Information on our new proactive approach is found in our complete marketing
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obligation. Call or email us today for your free package. 800-515-9959 / 256-651-8500
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